Streamsowers & Köhn updates

New oil producing states following discovery of deposits
Streamsowers & Köhn
  • Energy & Natural Resources
  • Nigeria
  • June 18 2018

The House of Representatives recently considered a motion to declare Kogi, Enugu and Anambra oil producing states following the discovery of oil and gas deposits in commercial quantities. It subsequently urged the federal government to hold bids for oil prospecting and mining of the discoveries and declare the states oil producing states.

Proposed oil spill amendment bill will significantly affect oil and gas industry
Streamsowers & Köhn
  • Energy & Natural Resources
  • Nigeria
  • May 21 2018

The National Oil Spill Detection and Response Agency Act (Amendment) Bill 2018 recently underwent its second reading. If passed in its existing form, the bill will have a significant effect on the operations of the oil and gas industry. For example, the bill makes it mandatory for oil industry operators in Nigeria to subscribe to and be bona fide members of Clean Nigeria Associates and imposes a levy on oil companies calculated at 0.5% of their operations funds.

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